The revised UT5 access requirement was presented to the CAQ in May of this year following a pioneering agreement between Aurizon and the miners. The new Enterprise Agreement (EA) ended a dispute that, late last year and earlier this year, led to sporadic strikes at the Central Queensland Coal Network. The conflict began before Christmas, the last trade union actions resulted in mid-March. Sydney – A dispute between Australian rail operator Aurizon and unionized workers in the country`s largest coal export rail system over a coal company that has resulted in various union actions is closed. The agreement also allows for improved performance, which better reflects the risks of ownership and operation of the CQCN, and a discount mechanism for customers if Aurizon is below target values. “Aurizon employees voted in favour of a new Coal Enterprise agreement,” Aurizon said Monday in an email to S-P Global Platts. “81.2% of the workers covered by the proposed agreement voted `yes` in the 19 July vote. Aurizon, Australian coal workers are ending the dispute over the enterprise agreement “The Aurizon industrial agreement and coal customers is a pioneer,” said Aurizon MD and CEO Andrew Harding. It is free and easy to make. Please use the button below and we`ll bring you back here when you`re done. To read more, you must register or register with us.
The CAQ agreement on the access company meant that Aurizon`s weighted average cost of capital (WACC) increased from 5.7% to 5.9% in May 2019. Key elements of the business include extending the features of the 10-year access company from July 2017 to June 2027, allowing for a better long-term investment decision for the CQCN, as well as increased client participation in the evaluation and prior approval of annual asset renewal and renewal strategies and budgets, as well as maintenance expenses. A spokesman for the railways, trams and buses union said there would be no further union action related to the coal supply chain. Following an independent assessment of the CQCN`s capabilities, the CCC will increase further to 6.3%. In the event of a capacity shortfall, the increase in the CMPC to 6.3% will not begin until Aurizon informs interested parties of the proposed options for determining the deficit. Published by: Creamer Media Reporter EMAIL THIS ARTICLE SAVE THIS ARTICLE ARTICLE ENQUIRY To subscribe to E-Mailfirstname.lastname@example.org or click here to apply for E-Mailemail@example.com or click here perth (miningweekly.com) – The Queensland Competition Authority (QCA) has approved the revised draft of freight service provider Aurozin modifying access to the Central Queensland Coal Network (CQCN). Are high Indian steel prices the result of a supply shock or is a recovery in demand a reality? ARTIKEL-ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE — Published by Geetha Narayanasamy, firstname.lastname@example.org “We now have a regulatory model that provides long-term investment security and promotes productivity and performance in Queensland`s coal supply chain. With the permission of the authorities that has just been granted, we can direct all our collective energies towards continuous improvements and efficiencies,” said Mr. Harding. E-mails separated by comma, maximum ceiling of 4 addresses December 20, 2019 From: Esmarie Iannucci Creamer Media Senior Deputy Editor: Australasia While strikes have influenced volume on the key network, strong customer demand increased by 2% in the January-March quarter to reach 36.4 million mt, according to Aurizon`s latest quarterly report.